Whalesbook
Aise mein, Q4FY26 aur Q1FY27 ke liye thoda caution hai. Kuch cancellations bhi dekhne ko mile hain.
Par tension mat lo! Iss sector mein dum hai. Apni domestic travel toh badhiya chal rahi hai, jo international tourism se kaafi zyada hai. Government bhi domestic travel ko promote kar rahi hai.
Aur jab share prices gire hain, toh valuations bhi attractive ho gaye hain. Jaise Indian Hotels Company Limited (IHCL) ka trailing twelve-month P/E lagbhag 41.33x hai, aur analysts ka target ₹878.00 hai. Sab 'Strong Buy' bol rahe hain. Chalet Hotels ka P/E 25.93x hai, jabki ITC Ltd. ka 10.47x hai, jo ki diversified company hai. Lemon Tree Hotels ka P/E 46x se 70x ke beech mein hai.
Companies bhi peeche nahi hat rahi. ITC Hotels apne onboarding costs 50% tak kam kar raha hai cloud service use karke. Company 11.5% revenue growth expect kar rahi hai FY29 tak, aur management fees 2.5x ho sakti hain.
IHCL apne portfolio ko expand kar raha hai aur FY27 mein revenue contribution badhane ka aim hai. Chalet Hotels 1,180 rooms add kar raha hai aur FY30 tak 20% se zyada operating profit growth expect kar raha hai. Lemon Tree Hotels toh 9,400 managed rooms ka target rakhe hue hai FY30 tak, aur operating profit margin 50.6% se upar jaane ka aim hai. Blackstone-backed Ventive Hospitality bhi 4,000 rooms tak pahunchna chahti hai FY30 tak, aur ₹1,400 Cr ka debt reduce karegi.
Haan, kuch risks toh hain hi. Geopolitical situation agar aur bigdi toh dikkat ho sakti hai. Aur mid-market mein thodi oversupply ki bhi fears hain.
Lekin overall, sector ka future bright dikh raha hai. USD 55.67 billion tak ja sakta hai 2031 tak. Jab tak domestic demand strong hai aur companies growth par focus kar rahi hain, tab tak yeh sector bounce back karega hi.